Reliance AGM 2018: No tariff cuts as Jio shifts focus to broadband services

Analysts are not surprised at the target given the potential and Reliance Jio's fibre presence

Reliance Industries’ (RIL) 41st annual general meeting saw the entire conversation centred around the disruption Jio was going to cause this time around. While telecom players heaved a sigh of relief as there were no further tariff cuts, the action shifted to the fixed line broadband services. RIL’s chairman Mukesh Ambani announced the launch of Jio’s fibre to home or fixed line broadband services called Jio GigaFiber as well as new offers for the JioPhone customers. Following feedback to the initial registration, the company, which will launch the service (Jio GigaFiber) from August 15, will take a call on where